Cooling off
Interesting update from Tim Lawless of CoreLogic confirming that the property boom is calming down.
Prices are still rising, but at a less furious pace now, across all of the main capital cities.
There are also now finally more listings coming on to the market.
Furthermore, there's a detached housing building boom underway, at a time when there's very low population growth.
The immutable laws of supply and demand are doing their thing.
Analysts also expect the housing booms in the U.S. and the UK to slow in H2 2021.
Ripper stuff from Tim L as always.
